Major ICS/SCADA Vendors Team Up in $60M Investment in Claroty

Series B round led by Temasek includes Rockwell Automation, an investment arm of Schneider Electric, and a Siemens-backed global venture firm.

ICS security vendor Claroty has received $60 million in Series B funding courtesy of a group of investors that include major product vendors in the sector, among them Rockwell Automation and the investment arms of Schneider Electric and Siemens.

The funding round brings Claroty's total investment to $93 million. Temasek led the latest round, which also came with backing from Envision Ventures, Tekfen Ventures, Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV.

Claroty was founded in 2014 and provides security for industrial networks with real-time network monitoring, secure remote access, and other security functions. The company said it will use the funding to extend its brand globally, as well as its sales and customer support.

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